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The Week Ahead On The Markets


KoketsoIG

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The Week Ahead

Read about upcoming market-moving events and plan your trading week

Week commencing 20 May

Chris Beauchamp's insight

UK and Japanese inflation and the monthly flash purchasing managers index (PMI) readings are the main events of the week on the economic front, though there are also a host of speeches by central bankers that may move markets. Nvidia is the last of the high-profile US earnings reports to come through, while in the UK Marks & Spencer and Aviva both publish figures.

Monday

10 am – speech by Bank of England deputy governor Ben Broadbent. Markets to watch: GBP crosses

1.45 pm – speech by FOMC member Bostic. Markets to watch: USD crosses

2 pm – speech by FOMC member Barr. Markets to watch: USD crosses


Tuesday

1.30 am – Australia Westpac consumer confidence (May): index forecast to rise to 83.1. Markets to watch: AUD crosses

2.30 am – RBA meeting minutes. Markets to watch: AUD crosses

9 am – speech by ECB president Lagarde. Markets to watch: EUR crosses

1.30 pm – Canada CPI (April): prices are expected to rise 2.8% YoY and 0.4% MoM, from 2.9% and 0.6%. Markets to watch: CAD crosses

2 pm – 2.10 pm – speeches by FOMC member Barkin. Williams, Bostic & Waller. Markets to watch: USD crosses

6 pm – speech by BoE governor Bailey. Markets to watch: GBP crosses


Wednesday

12 am – speeches by FOMC members Bostic, Collins & Mester. Markets to watch: USD crosses

7 am – UK CPI (April): prices are expected to rise 3.1% YoY and 0.5% MoM, from 3.2% and 0.6%. Markets to watch: GBP crosses

3.30 pm – US EIA crude oil inventories (w/e 17 May): stockpiles fell by 2.5 million barrels in the preceding week. Markets to watch: Brent, WTI

7 pm – FOMC minutes. Markets to watch: US indices, USD crosses


Thursday

1.30 am – Japan PMI (May, flash): previous readings were 49.6 for manufacturing and 54.3 for services. Markets to watch: JPY crosses

8.30 am – German PMI (May, flash): manufacturing PMI to rise to 44 from 42.5. Markets to watch: EUR crosses

9.30 am – UK PMI (May, flash): manufacturing PMI to rise to 49.7 from 49.1, services PMI to fall to 53.5 from 55. Markets to watch: GBP crosses

12.30 pm – speech by BoE MPC member Huw Pill. Markets to watch: GBP crosses

1.30 pm – US initial jobless claims (w/e 18 May), Chicago Fed index (April): claims expected to rise to 225K from 222K. Chicago Fed index is forecast to rise to 0.16 from 0.15. Markets to watch: USD crosses

2.45 pm – US flash PMI (May, flash): manufacturing is expected to rise to 50.1 from 50 and services to rise to 51.4 from 51.3. Markets to watch: USD crosses

3 pm – Eurozone consumer confidence (May, flash): index forecast to rise to -14.4. Markets to watch: EUR crosses

3 pm – US new home sales (April): sales expected to fall 1.4% MoM. Markets to watch: USD crosses

8 pm- speech by FOMC member Bostic. Markets to watch: USD crosses


Friday

12.30 am – Japan CPI (April): prices forecast to rise 2.5% YoY, from 2.7%. Markets to watch: Nikkei 225, JPY crosses

7 am – UK retail sales (April): sales expected to be 0.3% MoM and 1.1% YoY. Markets to watch: GBP crosses

1.30 pm – US durable goods roders (April): orders expected to rise 0.3% overall and 0.1% excluding transportation. Markets to watch: USD crosses

 

Company announcements

 

 

Monday
20 May

Tuesday
21 May

Wednesday
22 May

Thursday
23 May

Friday
24 May

Full-year earnings

    British Land,
Severn Trent,
SSE,
Marks & Spencer
National Grid,
IDS
 

Half/ Quarterly earnings

Ryanair,
Big Yellow
  NVIDIA    

Trading update*

  Smiths Group,
Kingfisher
Close Bros,
Kier
Aviva  

 

 
 

Dividends

FTSE 100: Whitbread, Diploma, DCC, Imperial Brands

FTSE 250: Ascential (20 May), Spire Healthcare, Bellway, TI Fluid, Tritax Big Box, Diversified Energy Co, HICL Infrastructure, Tritax Eurobox, Grainger

Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.

Index adjustments

 

Monday
20 May
Tuesday
21 May
Wednesday
22 May
Thursday
23 May
Friday
24 May
Monday
27 May
FTSE 100     1.91      
Australia 200 0.4   1.1 0.3   0.1
Wall Street     4.6      
US 500 0.14 0.07 0.19 0.30   0.02
Nasdaq 0.32 0.44 0.35      
Netherlands 25           0.56
EU Stocks 50 7.1         4.0
China H-Shares   1.0 1.4      
Singapore Blue Chip 0.06          
Hong Kong HS50 2.7 4.4 2.6 2.6 6.6 12.4
South Africa 40            
Italy 40            
Japan 225

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